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India Exports

Exports from India plunged 60.28 percent over a year earlier to USD 10.36 billion in April 2020 its lowest level since November 2006, mainly due to lower sales of gems & jewelry (-98.74 percent), engineering goods (-64.76 percent), electronic goods (-71.04 percent), petroleum products (66.22 percent), and organic & inorganic chemicals (41.93 percent).

Forecast

Exports in India is expected to be 18500.00 USD Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in India to stand at 30600.00 in 12 months time. In the long-term, the India Exports is projected to trend around 25900.00 USD Million in 2021 and 29900.00 USD Million in 2022, according to our econometric models.

Import News

New Zealand Imports Plunge 18% YoY
Imports to New Zealand plunged 18 percent from a year ago to NZD 4.6 billion in July of 2020, amid lockdowns restrictions due to the coronavirus pandemic. Purchases dropped for vehicles, parts & accessories (-52.6 percent to NZD 365 million); petroleum & products (-70.3 percent to NZD 204 million); and aircrafts & parts (-77.7 percent to NZD 38 million). In contrast, purchases of electrical machinery & equipment increased 5.6 percent to NZD 479 million. Among major trading partners, imports from China climbed by 10 percent to NZD 1176 million, while purchases from Japan plunged 44.9 percent to NZD 228 million.
Thailand Imports Plummet More than Expected
Imports to Thailand plunged 26.38 percent year-on-year to USD 15.48 billion in July of 2020, compared with market expectations of a 23.2 percent tumble and after an 18.05 percent fall in June. Many of the materials Thailand imports are assembled into completed goods and shipped out again. Considering the January to July period, imports tumbled 14.69 percent.
Thailand Imports Slump Further
Imports to Thailand plunged 18.05 percent year-on-year to USD 14.83 billion in June 2020, compared with market expectations of a 16.7 percent drop and after a 34.41 percent slump in May. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
New Zealand Imports Little Changed
Imports to New Zealand edged up 0.2 percent from a year ago to NZD 4.6 billion in June of 2020, amid lockdowns restrictions due to the coronavirus pandemic. Purchases dropped for vehicles, parts & accessories (-45 percent or NZD 297 million), petroleum & products (-45 percent or NZD 217 million), and mechanical machinery & equipment (-10 percent or NZD 70 million). In contrast, purchases increased by NZD 391 for ships and boats and by NZD 53 million for animal fodder. Among major trading partners, imports from China climbed by NZD 97 million to NZD 1.1 billion, whereas imports from the United States decreased by NZD 111 million to NZD 372 million.
New Zealand Imports Plunge 25.6% YoY in May
Imports to New Zealand shrank 25.6 percent in May 2020 from a year ago to NZD 4.14 billion in May of 2020, following a 22.8 percent decline in the previous month, amid lockdowns restrictions due to the coronavirus pandemic. Purchases dropped for vehicles, parts & accessories (-60.9 percent to NZD 0.29 billion), petroleum & products (-56.2 percent to NZD 0.33 billion), and mechanical machinery & equipment (-24.6 percent to NZD 0.58 billion). Among major trading partners, shipments declined from the US (-29.7 percent), Australia (-17.1 percent) and the EU (-22.4 percent), but rose from China (1.8 percent) and South Korea (8.3 percent).
Thailand Imports Tumble More than Estimated
Imports to Thailand plunged 34.41 percent year-on-year to the smallest since November 2009 of USD 13.58 billion in May 2020, compared with market expectations of an 18 percent drop and after a 17.13 percent decline in April. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
New Zealand Imports Plunge to a 4-Year Low in April
Imports to New Zealand slumped 22 percent from a year ago to a four-year low of NZD 3.99 billion in April 2020. It was the second sharpest fall on record, amid lockdowns due to the coronavirus pandemic. Purchases dropped for petroleum & products (-57.8 percent to NZD 0.26 billion), namely crude oil (-77 percent); vehicles, parts & accessories (-38.4 percent to NZD 0.44 billion), of which cars (-52 percent) and trucks and vans (-52 percent); and electrical mechanical machinery & equipment (-31.9 percent to NZD 0.31 billion). Among major trading partners, shipments declined from the US (-9.4 percent), Australia (-16.4 percent) and the EU (-40 percent), but rose from China (7.8 percent).
Thailand Imports Tumble More than Expected
Imports to Thailand plunged 17.13 7.25 percent year-on-year to USD 16.49 billion in April 2020, compared with market expectations of a 14.25 percent and after a 7.25 percent rise in a month earlier. Many of the materials Thailand imports are assembled into completed goods and shipped out again.
New Zealand Imports Rebound Sharply in March
Imports to New Zealand rebounded a sharp 7.7 percent from a year ago to NZD 5143 million in March 2020, after declining 9.6 percent in the previous month, driven by higher purchases of petroleum & products (73.6 percent to NZD 918 million) and mechanical machinery & equipment (10.8 percent to NZD 714 million). In contrast, purchases of textiles declined 10.7 percent to NZD 178 million. Among major trading partners, shipments from the US surged 19.9 percent to NZD 585 million, but those from China shrank 10.4 percent to NZD 714 million amid the coronavirus crisis. Considering the first quarter of 2020, imports to New Zealand dropped 2 percent over a year earlier to NZD 14555 million.
Thailand Imports Rise 7.25% YoY
Imports to Thailand advanced 7.25 percent year-on-year to USD 20.81 billion in March 2020, following a 4.3 percent decline in the prior month. Many of the materials Thailand imports are assembled into completed goods and shipped out again.